Unannotated Code of Maryland (Last Updated: May 16, 2014) |
FINANCIAL INSTITUTIONS |
TITLE 12. MISCELLANEOUS INSTITUTIONS AND ACTIVITIES |
SUBTITLE 4. MARYLAND MONEY TRANSMISSION ACT |
§ 12-427. Persons subject to enforcement
Latest version.
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A person that engages in the business of money transmission is subject to the enforcement provisions of § 2-114 through 2-116 of this article if the person:
(1) Is not licensed under this subtitle; or
(2) Is not an authorized delegate of a licensee.